Dry Segment to Dominate Europe Wheat Protein Market during 2020–2028      

According to a new market research study on “Europe Wheat Protein Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, Form, and Application” is expected to reach US$ 2,105.98 million by 2028 from 1,839.82 US$ million in 2021. The market is estimated to grow at a CAGR of 1.9% from 2021 to 2028. The report provides trends prevailing in the Europe wheat protein market along with the drivers and restraints pertaining to the market growth. Natural and organic ingredients at high demand is the major factor driving the growth of the Europe wheat protein market. However, issues associated with availability of other alternatives hinders the growth of Europe wheat protein market.  

Europe wheat protein market is segmented into product, form, application, and country. Based on product, the Europe wheat protein market is segmented into wheat gluten, wheat protein isolates, textured wheat protein, and hydrolyzed wheat protein. In 2020, the wheat gluten segment accounted for the largest revenue share. The Europe wheat protein market, by form, is bifurcated into dry and liquid. In 2020, the dry segment accounted for a larger revenue share. The Europe wheat protein market, by application, is segmented into bakery & snacks, pet food, nutritional bars & drinks, processed meat, meat analogs, and others. In 2020, the bakery and snacks segment accounted for the largest revenue share. Based on country, the Europe wheat protein market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2020.

In Europe, currently, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. The disruptions in the supply chain, the shutdown of manufacturing units, and labor shortages had a negative impact on the wheat protein market. The lockdown restrictions were slowly lifted in the countries in Europe, like Denmark, where the shops and restaurants have reopened. In France, café terraces and cultural venues have been reopened since mid-May. The opening up of bakeries and food processing industries will have a positive impact on the wheat protein market. Along with this, the shift in consumer lifestyle and the rise in preference toward healthy food products will lead to an increased demand for wheat protein.     

Archer Daniels Midland Company; Cargill, Incorporated; CropEnergies AG; Kröner-Stärke GmbH; Manildra Group; MGP Ingredients Inc.; Roquette Frères; and Tereos Group are among the leading companies in the Europe wheat protein market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Roquette Frères developed a new brand identity for its range of NUTRALYS plant proteins, a sustainable source of innovative plant proteins of the highest quality.  

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